LONDON/NEW YORK, Feb 6 (Reuters) – The euro rose against the
dollar on Thursday after the European Central Bank gave no sign
of an imminent interest rate cut while better-than-expected U.S.
unemployment data helped lift major world stock prices.

Relative calm in vulnerable emerging markets such as Turkey
and South Africa also supported riskier assets and drew
investors away from safe-haven U.S. and German government bonds.

LONDON, Feb 6 (Reuters) – The euro fell against the dollar
and world stocks kept their gains on Thursday as investors
looked to see if the European Central Bank would hint at
possible future monetary easing after holding interest rates
this month.

Relative calm in vulnerable emerging markets such as Turkey
and South Africa also supported risk assets.

LONDON (Reuters) – World stocks edged up from this week’s four-month lows in cautious trade ahead of a euro zone monetary policy decision later on Thursday, supported by relative calm in vulnerable emerging markets.

The euro was slightly weaker as some investors bet that the European Central Bank could surprise markets with another interest rate cut to ward off the threat of deflation after last month’s unexpectedly soft inflation reading.

LONDON, Feb 6 (Reuters) – World stocks edged up from this
week’s four-month lows in cautious trade ahead of a euro zone
monetary policy decision later on Thursday, supported by
relative calm in vulnerable emerging markets.

The euro was slightly weaker as some investors bet that the
European Central Bank could surprise markets with another
interest rate cut to ward off the threat of deflation after last
month’s unexpectedly soft inflation reading.

LONDON (Reuters) – World stocks edged up from this week’s four-month lows in cautious trade ahead of a euro zone monetary policy decision later on Thursday, supported by relative calm in vulnerable emerging markets.

The euro was steady to weaker as some investors bet that the European Central Bank could surprise markets with another interest rate cut to ward off the threat of deflation after last month’s unexpectedly soft inflation reading.

LONDON, Feb 6 (Reuters) – World stocks edged up from this
week’s four-month lows in cautious trade ahead of a euro zone
monetary policy decision later on Thursday, supported by
relative calm in vulnerable emerging markets.

The euro was steady to weaker as some investors bet that the
European Central Bank could surprise markets with another
interest rate cut to ward off the threat of deflation after last
month’s unexpectedly soft inflation reading.

Despite all the doom and gloom surrounding capital-hungry Fragile Five countries, real money managers have not abandoned the ship at all.

Aberdeen Asset Management has overweight equity positions in Indonesia, India, Turkey and Brazil — that’s already 4 of the five countries that have come under market pressure because of their funding deficits. The fund is also positive on Thailand and the Philippines.

“If Western countries want to overcome the legacy of crisis quickly,many of them would be well served by taking a leaf out of Turkey’s book”

About Natsuko

"Since joining Reuters as a graduate trainee in 2000, Natsuko has reported on issues surrounding global financial markets, monetary policy and central banking from Tokyo, Singapore, London, Paris, Madrid, Davos, Dubai, Moscow and Istanbul. She won the Reuters best scoop of the year in 2007 for a story on China's foreign exchange reserves policy and was also given State Street\'s best journalist of the year award in the same year. Currently based in London, she covers global investment issues and sovereign wealth funds on the Investment Strategy Desk."